Summit Asset Management LLC Boosts Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Summit Asset Management LLC lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 26.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,783 shares of the company’s stock after purchasing an additional 1,619 shares during the period. Summit Asset Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $396,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Eastern Bank acquired a new stake in iShares Floating Rate Bond ETF in the third quarter worth about $41,000. Private Advisor Group LLC lifted its stake in iShares Floating Rate Bond ETF by 0.8% during the third quarter. Private Advisor Group LLC now owns 125,769 shares of the company’s stock valued at $6,419,000 after buying an additional 1,035 shares in the last quarter. Outlook Wealth Advisors LLC lifted its stake in iShares Floating Rate Bond ETF by 10.9% during the third quarter. Outlook Wealth Advisors LLC now owns 33,040 shares of the company’s stock valued at $1,686,000 after buying an additional 3,260 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in iShares Floating Rate Bond ETF by 7.5% during the third quarter. NorthCrest Asset Manangement LLC now owns 14,378 shares of the company’s stock valued at $734,000 after buying an additional 1,004 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 1.3% in the 3rd quarter. PFG Investments LLC now owns 31,585 shares of the company’s stock valued at $1,612,000 after purchasing an additional 404 shares during the period.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of FLOT opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The business’s 50-day moving average is $50.95 and its 200-day moving average is $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2021 per share. The ex-dividend date was Monday, February 3rd.

iShares Floating Rate Bond ETF Profile

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.